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Jan 14, 2013
01/13
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on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy. and you did. so if you say now you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one minute to midnight scenario that you're not going to back down? >> first of all, julianna, let's take the example this year in the fiscal cliff. i did not say i wouldn't have any conversations at all about extending the bush tax cuts. what i said was we weren't going to extend bush tax cuts for the wealthy. and we didn't. now, you can argue that during the campaign i said -- i set the criteria for wealthy at 250 and we ended up being at 400, but the fact of the matter is, millionaires, billionaires are paying significantly more in taxes, just as i said. so from the start, my concern was making sure that we had a tax code that was fair and that protected the middle class, and my biggest priority was making sure the middle class
on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy. and you did. so if you say now you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one minute to midnight scenario that you're not going to back down? >> first of all, julianna, let's take the example this year in the fiscal cliff. i did not say i wouldn't have any conversations at...
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Oct 8, 2013
10/13
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that's the debt ceiling. as bad as the shutdown is, economists warn that failing to raise the debt ceiling would be infinitely worse. it's now week two of the government shutdown that both sides insist they want to end. >> congress should do what's in the best interest of the economy and the american people. >> house speaker john boehner is demanding the president make a deal. >> mr. president, it's time to have that conversation before our economy is put further at risk. >> reporter: next up, that october 17th deadline with concern that congress won't raise the debt ceiling by then. what is it? it's the equivalent of the credit card limit, when nay run out of money and can't borrow another dime. it's nearly $16.7 trillion dollars, trillion, with a t. it's estimated to hit it on the 17th. then if the congress doesn't green light the borrowing of more, the u.s. could default. bad news for social security recipients, medicare providers and members of the military, all scheduled to get the payments november 1st.
that's the debt ceiling. as bad as the shutdown is, economists warn that failing to raise the debt ceiling would be infinitely worse. it's now week two of the government shutdown that both sides insist they want to end. >> congress should do what's in the best interest of the economy and the american people. >> house speaker john boehner is demanding the president make a deal. >> mr. president, it's time to have that conversation before our economy is put further at risk....
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Jan 23, 2013
01/13
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. >>> the house voted to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's vote is a tactical shift in the gop playbook, putting on hold their demand for a debt ceiling increase only with spending cuts attached. >> it's a concession by republicans that they were not going to be able to win a spending cut fight using the debt ceiling vote. >> reporter: the clock is ticking. the country will max out its credit card at $16.4 trillion in several weeks, risking possible default on the nation's debt unless congress okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both hou
. >>> the house voted to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's...
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Sep 26, 2013
09/13
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that's why nobody messes with this and they always end up raising the debt ceiling, whether they want to or not. most americans don't support doing that and the president won't talk about any kind of negotiation raising the debt ceiling because congress paying its bills that they appropriated. house republicans, especially the leadership think it's a more palatable fund that we're not going to defund obama care, but can we delay it? why not delay more of it. my big question, what does that get you in the end? what is the real end game here? the law is still the law and upheld by the supreme court and it's going to have its effects positive and negative as we move forward over the next few years sglp david gregory, much more on "meet the press." thank you for that. we should let everybody know we should be focusing more on this new health care law. its impact on you all next week across the platforms of nbc news. >>> we also have new details this morning on last week's deadly shooting at that navy yard in washington, d.c. surveillance video is now emerged showing the gunman inside the
that's why nobody messes with this and they always end up raising the debt ceiling, whether they want to or not. most americans don't support doing that and the president won't talk about any kind of negotiation raising the debt ceiling because congress paying its bills that they appropriated. house republicans, especially the leadership think it's a more palatable fund that we're not going to defund obama care, but can we delay it? why not delay more of it. my big question, what does that get...
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Oct 16, 2013
10/13
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good to have you here. >> good morning. >> debt ceiling. first of all, when people hear this term and the shutdown as we said, people are like, i don't get it. what does this really mean to me? is the government really going to run out of money? deborah? >> the debt ceiling is the authorization for our country to pay its bills. sometimes that day comes and they don't quite have enough money so they have to borrow a little to pay those bills on that day, and that's where we're at. if they don't get that debt ceiling raised, they won't be able to go out and make that short-term borrowing to cover those bills on that day. >> think of our bank account. if you put your atm card in, you can't withdraw money if you don't have money in the account. >> beginning of the, month the mortgage is due, the car, the groceries and your kid needs something for school. >> brian, what happens tomorrow? say there is no deal. we hope there is, but maybe there won't be. is it the end of the world tomorrow? is it in a week? is it november 1st as some have said? >>
good to have you here. >> good morning. >> debt ceiling. first of all, when people hear this term and the shutdown as we said, people are like, i don't get it. what does this really mean to me? is the government really going to run out of money? deborah? >> the debt ceiling is the authorization for our country to pay its bills. sometimes that day comes and they don't quite have enough money so they have to borrow a little to pay those bills on that day, and that's where we're...
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Jan 9, 2013
01/13
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you have a number of other things that you can do that includes the debt ceiling. my point is that you have to get to the table and start working now. if we wait before the week or so before to start talking to each other we won't get it done. >> you forged a nice relationship with the president in the wake of hurricane sandy. you guys hit it off. there was that bromance that everyone talk about. do you still have his ear? might you be of some use as he approaches republicans during this debate? >> i don't offer my advice to the president in that way. what i've dealt with the president on is hurricane sandy and that's what the nature of our relationship is. he is not calling me matt at 11:00 at night and saying, hey, chris, what are you thinking about this? that's not how the relationship works. the fact is, i'll continue to speak out publicly about the things that i think are important, and anybody in washington, d.c. who wants to come to new jersey and see om of the stuff we're doing, how i'm working with the democratic legislature to try to bring compromise and
you have a number of other things that you can do that includes the debt ceiling. my point is that you have to get to the table and start working now. if we wait before the week or so before to start talking to each other we won't get it done. >> you forged a nice relationship with the president in the wake of hurricane sandy. you guys hit it off. there was that bromance that everyone talk about. do you still have his ear? might you be of some use as he approaches republicans during this...
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Oct 10, 2013
10/13
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barreling towards its borrowing limit, the so-called debt ceiling deadline now exactly one week away, few signs of real progress. house democrats huddling with the president late wednesday. >> the debt ceiling needs to be lifted. >> reporter: among the glimmers of hope, some republicans are weighing their willingness to accept a short-term debt limit deal and top republicans shifted their focus away from gutting the president's health care law. in an interview with wrc, president obama warned of economic turmoil if the u.s. doesn't cover its debts. >> the financial markets can't even imagine that we would get to a point when we wouldn't be paying our bills. >> reporter: still, a group of hard core republicans who summed up the debt limit deniers said the president is exaggerating the impact. >> i'm not advocating we go through the debt ceiling deadline. but what am i saying is if you go through it, you will not default. >> the debt ceiling does not equal default. >> reporter: most federal budget experts call that talk, dangerous. >> this is the equivalent of saying, you know, let's pu
barreling towards its borrowing limit, the so-called debt ceiling deadline now exactly one week away, few signs of real progress. house democrats huddling with the president late wednesday. >> the debt ceiling needs to be lifted. >> reporter: among the glimmers of hope, some republicans are weighing their willingness to accept a short-term debt limit deal and top republicans shifted their focus away from gutting the president's health care law. in an interview with wrc, president...
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what is the debt ceiling? it's the equivalent of the government's credit card limit, when the country runs out of money to pay its bills and can't borrow another dime. the u.s.'s debt limit is $16 trillion. trillion with a t. then what? if congress doesn't green light the government borrowing more the u.s. could default unable to pay its it's. they're all scheduled to get their payments november 1st. big picture, what's at stake? forecasters predict an economic calamity with the treasury department saying it could be casts caststrophic. those low interest rates are used to guard, same problem for anybody looking to refinance a house. the mortgage rate could skyrocket. >> i have people scrambling to get things in before rates go up any higher. >> reporter: the white house appears to be leaving the door open for at least a temporary solution refusing to rule out a short-term extension, even a matter of weeks, maybe six or eight weeks. if house republicans agree to reopen the government and increase the debt ceil
what is the debt ceiling? it's the equivalent of the government's credit card limit, when the country runs out of money to pay its bills and can't borrow another dime. the u.s.'s debt limit is $16 trillion. trillion with a t. then what? if congress doesn't green light the government borrowing more the u.s. could default unable to pay its it's. they're all scheduled to get their payments november 1st. big picture, what's at stake? forecasters predict an economic calamity with the treasury...
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Sep 26, 2013
09/13
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that whether or not they will raise the debt ceiling. there that may try to delay the obamacare. >> me ask you about that the raeshry says we will raise the debt limit s. that a real crisis point? >> i think it's a crisis point we know the economic shock the world and certainly the u.s. economy would feel if they were to take that step. that's why nobody messes with this and they raise the ceiling. most americans don't support doing that. the president says he wouldn't even talk about any negotiation over raising the debt ceiling because this congress paying, it feels like they've already appropriatated. here again, house republican, the leadership think it's a more palatable fight. can we delay it? why not delay more of it? my big question, what does that get you in the end? what's the real end game here? the law is still the law. it's been upheld by the supreme court. it's going to have its effect positive and negative as we move forward over the next few years. >> david gregory, much more on "meet the press." we will be focusing a lot
that whether or not they will raise the debt ceiling. there that may try to delay the obamacare. >> me ask you about that the raeshry says we will raise the debt limit s. that a real crisis point? >> i think it's a crisis point we know the economic shock the world and certainly the u.s. economy would feel if they were to take that step. that's why nobody messes with this and they raise the ceiling. most americans don't support doing that. the president says he wouldn't even talk...
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Oct 8, 2013
10/13
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even if we don't reach the debt ceiling there would still be that money to pay it but the question is what other bills do you pay? is that what has the economic consequence. >> exactly. the government can't pay every deal without getting more debt. >> what do you think you should do if you're a regular citizen sitting at home watching this unfold in washington? are you in the stock market or bond market or out of it. >> we're a rich country. if you try to get out now and get back in, i think you'll fail. this is not a crisis involving our country being bankrupt. we have the money to pay. it's just political. >> always good to get your perspective. here's matt. >>> new details on how the government shutdown is effecting military families. nbc's andrea mitchell is here with a closer look at that. good morning. >> reporter: good morning, matt. of all the outrage in washington over the government shutdown, this one really hits home. the families of five u.s. troops killed over the weekend in afghanistan got a second call from the government. the government cannot pay their death benefits.
even if we don't reach the debt ceiling there would still be that money to pay it but the question is what other bills do you pay? is that what has the economic consequence. >> exactly. the government can't pay every deal without getting more debt. >> what do you think you should do if you're a regular citizen sitting at home watching this unfold in washington? are you in the stock market or bond market or out of it. >> we're a rich country. if you try to get out now and get...